REAP Financial Group LLC Purchases 162 Shares of Mid-America Apartment Communities, Inc. $MAA

REAP Financial Group LLC grew its position in Mid-America Apartment Communities, Inc. (NYSE:MAA) by 184.1% during the second quarter, HoldingsChannel reports. The firm owned 250 shares of the real estate investment trust’s stock after buying an additional 162 shares during the quarter. REAP Financial Group LLC’s holdings in Mid-America Apartment Communities were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Shell Asset Management Co. raised its position in shares of Mid-America Apartment Communities by 8.9% in the second quarter. Shell Asset Management Co. now owns 10,791 shares of the real estate investment trust’s stock valued at $1,597,000 after purchasing an additional 878 shares during the period. Duncan Williams Asset Management LLC grew its stake in shares of Mid-America Apartment Communities by 13.1% in the second quarter. Duncan Williams Asset Management LLC now owns 2,180 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 252 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of Mid-America Apartment Communities in the second quarter worth $219,000. DAVENPORT & Co LLC grew its stake in shares of Mid-America Apartment Communities by 42.7% in the second quarter. DAVENPORT & Co LLC now owns 18,450 shares of the real estate investment trust’s stock worth $2,728,000 after acquiring an additional 5,520 shares during the last quarter. Finally, 111 Capital acquired a new stake in shares of Mid-America Apartment Communities in the second quarter worth $417,000. Institutional investors own 93.60% of the company’s stock.

Mid-America Apartment Communities Trading Down 0.3%

Shares of Mid-America Apartment Communities stock opened at $135.87 on Thursday. The firm has a market capitalization of $15.91 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.77. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10. The company’s fifty day moving average price is $141.00 and its two-hundred day moving average price is $150.30. Mid-America Apartment Communities, Inc. has a 52-week low of $134.97 and a 52-week high of $173.38.

Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.01. The firm had revenue of $549.90 million for the quarter, compared to analyst estimates of $552.19 million. Mid-America Apartment Communities had a net margin of 25.98% and a return on equity of 9.35%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 EPS. Mid-America Apartment Communities has set its Q3 2025 guidance at 2.080-2.240 EPS. FY 2025 guidance at 8.650-8.890 EPS. On average, analysts expect that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current year.

Mid-America Apartment Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $1.515 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $6.06 annualized dividend and a dividend yield of 4.5%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $1.06. Mid-America Apartment Communities’s dividend payout ratio is presently 124.69%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MAA. Weiss Ratings restated a “hold (c)” rating on shares of Mid-America Apartment Communities in a research note on Wednesday. Cantor Fitzgerald began coverage on shares of Mid-America Apartment Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $150.00 price objective on the stock. Barclays lowered their price objective on shares of Mid-America Apartment Communities from $156.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 30th. Scotiabank lowered their price objective on shares of Mid-America Apartment Communities from $180.00 to $170.00 and set a “sector outperform” rating on the stock in a research note on Thursday, August 14th. Finally, Piper Sandler lowered their price objective on shares of Mid-America Apartment Communities from $170.00 to $153.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Mid-America Apartment Communities currently has an average rating of “Hold” and a consensus target price of $161.78.

Mid-America Apartment Communities Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.